KARACHI: Pakistan has doubled its oil import cargoes to two million barrels from the United States and will receive the first shipment from its supplier Vitol on October 30, said Usama Qureshi, vice chairman of Cnergyico PK Limited, the country’s largest oil refiner and fuel marketer.
The company, which operates a refinery with a capacity of 156,000 barrels per day, is importing West Texas Intermediate (WTI) light crude for the first time in Pakistan’s history.
The South Asian nation has so far relied on Gulf suppliers, particularly the United Arab Emirates and Saudi Arabia, to meet its energy needs.
“We have booked two cargoes in total,” Qureshi told Arab News on Tuesday. “The first shipment will arrive in Karachi on October 30, followed by the second on November 15.”
The Cnergyico official confirmed that his company had doubled its one-million-barrel oil imports for October and November cargoes.
